Thank you Joe Biden for lower gas prices.

Why is diesel still more expensive?


Over the last year, the cost of diesel has ballooned by over 40 percent, compared with 11 percent for gasoline. Diesel prices are high because the fuel is scarce worldwide, including in the United States, which in recent years became a net exporter of oil and petroleum products.Nov 10, 2022
 
The holders of the Permits are being sued by you.
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I had to gas up today. And I was pleasantly surprised to see the Gas much lower this week when it is traditionally much higher.

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The tree blocks the top text. But that is the club price for those who use the chain stores card to get the gas.

But even without it the price is lower than it has been in a while. So thank you Joe Biden.

I mean we blame him if prices are high we have to give him credit for prices dropping don’t we?
/---/ Yeah, Dementia Joe takes credit for something he had nothing to do with, as usual. :oops8:
 
And if it was a Republican in office you would be crowing about how things were moving in the right direction and this proves Republicans are better for the economy.

I know neither are good for the economy. But I’m hoping to point out the hypocrisy from you idiots.
/----/ "And if it was a Republican in office "
You mean if Donald Trump was still in office, the prices never would have gone up.
 
/----/ "And if it was a Republican in office "
You mean if Donald Trump was still in office, the prices never would have gone up.

Here we go. Biden is only responsible if prices go up. Not if they go down. Sorry. I am not a hypocrite. And prices would have gone up if Trump was reelected.
 

Dirty diesel​


In 2006, the US Environmental Protection Agency began phasing in rules that significantly limited the sulfur content of diesel fuel. The agency did this because aggravated levels of airborne sulfur matter are toxic for both humans and the environment.


And since 2014, the EPA has regulated that all diesel sold and produced in the United States must be ULSD (ultra low sulfur diesel) – a standard of diesel which limits sulfur contents to 15 parts per million. Sulfur content regulations have reduced toxic emissions by at least 90%, according to the EPA.


The EPA’s regulations greatly benefit the environment. But lowering the sulfur content of diesel has led to lower energy density (less fuel economy per gallon) and raised production costs at the refinery, placing upward pressure on prices.


Diesel’s duty​


President Joe Biden’s administration recently called on Congress to suspend the federal tax on diesel and gasoline. Regardless of whether the proposed tax holiday would be effective, it calls attention to the tax itself.


The federal motor fuel excise tax, which has not changed since 1993, imposes an extra 18.3 cent tax on gasoline and a 24.3 cent tax on diesel. Revenue from the tax supports the Highway Trust Fund, a federal purse that finances the construction and maintenance of highways and other mass-transit projects.



Station attendant, George Samaniego, pumps gas at an Exxon gas station in Jersey City, New Jersey, Thursday, October 28, 2004.



Why New Jersey and Oregon still don't let you pump your own gas


In addition to the federal tax, each state has its own additional duty on both fuels — the average diesel tax is 7.55 cents higher.


Diesel taxes are higher because the primary vehicles with diesel engines, freight trucks and buses, are substantially heavier and deteriorate roads considerably more than the average automobile.


Demand for diesel​


Finally, diesel’s steep price is attributed to the basic economic principle of supply and demand: not enough supply, combined with barrels and barrels of demand.



On the supply side, diesel is produced at a reduced rate compared to gasoline. In the US, for every one barrel of crude oil refined there are about 19 to 20 gallons of gasoline produced. That figure drops to just 11 to 12 gallons for diesel.


On the demand side, diesel and its molecular siblings help manufacture, grow and transport nearly all consumer products. The fuel powers engines in trucks, trains, industrial machines, construction and farming equipment, buses, generators, home heating systems, ships and military vehicles.


Gasoline might power American cars, but because diesel powers the American economy, its price also affects our daily lives.


Correction: An earlier version of this story misstated the chemicals that power cargo and barge fuel. Trucks run on diesel fuels, while planes and barges run on its chemical cousins.
 

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